Latest News - Special Purpose Logic IC Market: Communications expected to lead the Application segment during 2024-2028

The Special Purpose Logic IC Market is being driven by High adoption of smartphones and tablets

The Special Purpose Logic IC Market is expected to grow at a CAGR of 6.77% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 38.7 billion. The semiconductor industry has undergone significant evolution in wafer size over the past four decades, transitioning from 100 mm to the current standard of 300 mm. This shift has resulted in substantial manufacturing cost savings of approximately 20-25%. Consequently, the semiconductor sector predominantly utilizes 300-mm wafers for Integrated Circuit (IC) manufacturing. This trend is projected to persist through the forecast period due to substantial investments made by semiconductor manufacturers in upgrading and constructing new fabrication plants (fabs) for 300-mm wafers. However, the demand for 200-mm wafers remains steady due to their continued use in manufacturing various devices, such as sensors, microcontrollers, display drivers, and specific MEMS-based products like accelerometers. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Communications
  • Computing
  • Consumer electronics
  • Others
• Type
  • Programmable logic ICs
  • High end programmable logic ICs
  • Others
• Geography
  • APAC
    • China
    • Singapore
    • South Korea
    • Taiwan
  • North America
    • US
  • Europe
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• High adoption of smartphones and tablets
• Automation in automobiles
• Growing need for memory devices

However, the market also witnesses some limitations, which are as follows:

• Miniaturization of electronic devices
• Constant fluctuations in demand and supply
• Uncertainty in prices of ICs

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Market Scope in Special Purpose Logic IC Market Research Report

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Research Analysis Overview

The Special Purpose Logic IC (Integrated Circuit) market is witnessing significant growth due to the increasing demand for high-performance electronic devices in various industries, particularly in Consumer Electronics, Computing, and Communications. IoT capabilities are driving the demand for Special Purpose Logic ICs in consumer electronics, including smartphones, tablets, and smart home devices. General-purpose ICs, such as microcontrollers and digital signal processors, have been the backbone of consumer electronics for decades. However, the telecommunications industry's evolution towards 5G and the Internet of Things (IoT) is leading to an increased demand for more specialized Logic ICs. Semiconductor fabs are producing a wide range of Logic ICs, including Gate-array Based ICs, Standard-cell Based ICs, and Full-custom Design ICs, to meet the diverse requirements of the market. These ICs are used in high-performance applications such as telecommunications equipment, computers, TVs, and smartphones. Programmable Logic ICs are also gaining popularity due to their flexibility and ability to be reprogrammed to meet changing requirements. The market for these ICs is expected to grow significantly due to their use in IoT applications and the increasing demand for low-cost smartphones and tablets that require high processing power. Despite the challenges posed by the manufacturing process, which can require extreme temperatures, such as liquid nitrogen, the Special Purpose Logic IC market is expected to continue its growth trajectory in the coming years.

Market Research Overview

The global semiconductor materials and equipment market encompasses companies engaged in the production of semiconductor materials and equipment manufacturing/fabrication, including wafer processing and back-end semiconductor manufacturing equipment such as testing, assembly, and packaging. According to Technavio's market analysis, the market size is determined by the revenue generated from the sales of wafer processing, mask/reticle manufacturing, wafer manufacturing, fab facilities equipment, assembly and packaging, and test equipment. The market's expansion will be fueled by significant investments in fabrication, with the establishment of new semiconductor fabrication plants increasing in response to the growing demand for Integrated Circuits (ICs) worldwide. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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